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Technology Stocks : Healtheon - The next Netscape (Fortune Sept. 9 1998)
HLTH 0.1200.0%Sep 10 5:00 PM EST
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To: MDD who wrote (13)1/19/1999 4:42:00 PM
From: Nicholas Thompson  Read Replies (2) of 48
 
I wouldn't really call Healtheon a Portal, although that may be one of the things they end up doing in the future. They want to coalesce the paperwork created by the tens (or even hundreds) of thousands of health care players into a single, coherent system which will earn them (&us?!) lots of money and save us (the health care consumer) money and paperwork headaches.

I myself don't know much about the IPO process but I think it should be less than two months from 1/14 to the first day of trading if they go through with it. Getting in on an IPO before it becomes publicly traded is not simple. It is one of the remaining bastions of the old boys network in my opinion, although egrp and others are working to change that. You have to have an account with one of the full commission brokerages that happens to be underwriting the IPO you want in on it. The more time or money in your relationship with them the better. The only other way I know of to get in on one is to be a high profile politician or IOC member(they get shoe boxes full of 20s and hookers too...).

The complexity of what Healtheon is trying to do is mind numbing but could be extremely lucrative (it might put cash cows like Philip Morris and Microsoft to shame) in the distant future. I wouldn't recommend putting a huge portion of your portfolio in the IPO (and you probably won't have the chance to anyway). We'll see if this giddy market keeps up long enough to make Healtheon public!
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